Guidance

SS41/15 – Solvency II: applying EIOPA’s Set 2, System of Governance and ORSA Guidelines

Chapter

Compliance with the Guidelines

Printed on: 08/09/2024

Rulebook at: 17/12/2021

2

Compliance with the Guidelines

2.1

[Deleted].

  • 17/12/2021

2.2

The PRA expects firms to comply with all of the Set 2, System of Governance and ORSA Guidelines (as at the end of the transition period) that apply to them, in a proportionate manner.

  • 17/12/2021

2.3

This supervisory statement also provides further commentary on certain Guidelines where the PRA considers that this is useful for firms. Those Guidelines on which further commentary is provided are:
(i) recognition and valuation of assets and liabilities other than technical provisions;
(ii) methods for determining the market shares for reporting;
(iii) reporting for financial stability purposes;
(iv) reporting and public disclosure; and
(v) ORSA.

  • 17/12/2021